The number of affordable luxury pickup trucks at Las Vegas truck auctions has been steadily increasing over the past few years. A lot of people don’t really consider rugged trucks to be luxury vehicles, however they have flooded the market faster than any other type of vehicle. To give you an idea about what to expect from these trucks and where they are coming from, here is a quick look at how they have changed and what they have become.
When looking for affordable luxury pickup trucks at Las Vegas truck auctions, it is important to know exactly what makes a luxury truck a luxury. Unfortunately, there are a lot of different ways that you can look at this classification. For example, the federal government tells us that any truck that costs over $38,000 (new) would be considered a luxury truck because that is price in which the 4% luxury tax is added. Overall, luxury means different things to different people. In a recent survey, people defined luxury in a variety of ways. Some said that it is all about the brand, while others noted reliability. The one thing that all luxury trucks have in common is features. Accessories like a leather interior, power windows, built in navigation, and extra space.
The bigger question is why so many affordable luxury pickup trucks at Las Vegas truck auctions. There are a few different reasons for this. The first is that, in general, the luxury truck market has exploded. This trend began at the turn of the century when luxury vehicles sales increased dramatically, particularly in the SUV and truck classes. Between 1996 and 2000, luxury truck sales increased an outstanding 647%. Since then, the number of luxury trucks sold has steadily increased. This means that there are more used luxury trucks available in general, which has helped to suppress prices. In are like Las Vegas specifically, you see a lot of luxury trucks because of the location. Las Vegas is known for glitz and glam but it also boasts a lot of off-roading and outdoor activities, which make a luxury truck the obvious choice for fitting both of those needs.
When you buy an affordable luxury pickup truck at Las Vegas truck auctions, it will likely come from the repossession market. Las Vegas, especially their real estate sector, got hit hard by the few tough economic years which has trickled down into other areas of the economy. This has cause the number of repossessions in Las Vegas to be as high as any other part of the country and luxury trucks are no exception. Repossessed luxury trucks are considered to be one of the best sources you can find in terms of getting a very high quality without paying inflated prices.
It doesn’t have to be difficult to find an affordable luxury pickup truck at Las Vegas truck auctions as long as you know what to look for. The term luxury truck can mean a lot of different things depending on who you talk to, so it is important to identify specific models that peak your interest. Once you do, targeting repossession auctions will likely give you the highest chance of success.